Hajime Karatsu

For Hajime Karatsu's latest contributions to The Japan Times, see below:

Commentary / World Jul 2, 2001

The real backbone of Japan

Japan pays about 2,000 yen for each ton of iron ore it imports. Sheet iron made from the ore sells for 50,000 yen a ton and automobiles built with the sheet iron sell for 1 million yen a ton. The Japanese economy thrives by ...

Commentary / World May 15, 2000

Fix the mood, fix the economy

The United States has been urging Japan to expand domestic demand, as if that was the only policy Japan could implement to help promote recovery of the global economy. Washington repeated that demand at the recent Group of Seven meeting of finance ministers and ...